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BTC.com mining pool suffers cyberattack leading to $3M in stolen assets
The major cryptocurrency mining pool BTC.com and its parent company BIT Mining Ltd. today announced that the company suffered a cyberattack on Dec. 3 that led to the loss of about $3 million in assets. During the attack, about $700,000 of customer assets were stolen from BTC.com and $2.3 million in assets owned by BIT Mining ...
Autonomous drone startup Exyn raises $35M for mapping GPS-denied environments
Exyn Technologies, the developer of a robotic autonomy platform for multiple types of drones capable of navigating complex, hazardous and GPS-denied environments, said Friday it raised $35 million in early-stage funding to expand its operations. The Series B funding round was led by Reliance Industries, a large conglomerate headquartered in Mumbai, India, with businesses across ...
How the industrial metaverse will transform manufacturing
Lincoln Electric Holdings Inc. is one of the world’s largest makers of welding equipment, with more than 42 manufacturing locations in North America, Europe, the Middle East, Asia and Latin America — and its business depends on making sure enough welders are certified to use its equipment. For that reason, it felt it needed a ...
Crypto exchange Bullish and Far Peak scrap $9B SPAC deal
The cryptocurrency trading platform Bullish Ltd. and special-purpose acquisition company Far Peak Acquisition Corp. announced Thursday that the companies agreed to call off a planned merger deal that would have valued Bullish at $9 billion. The original merger agreement was inked in July 2021 and would have seen Bullish traded publicly on the New York ...
Kraken’s NFT marketplace beta is now open to the public
Cryptocurrency exchange Kraken announced Thursday that it’s opening its nonfungible token marketplace beta to the public, allowing collectors to join, discover and securely trade digital crypto collectibles. “Since 2011, our mission has been to accelerate the adoption of cryptocurrencies with a secure platform that both protects client funds and offers a comprehensive range of products ...
Alameda’s Caroline Ellison and FTX co-founder Gary Wang plead guilty to fraud
Former Alameda Research Chief Executive Caroline Ellison and FTX co-founder Gary Wang have pleaded guilty to federal fraud charges, according to an announcement late Wednesday evening by Damian Williams, the U.S. attorney of the Southern District of New York. Ellison pleaded guilty to two counts of wire fraud, two counts of conspiracy to commit wire ...
Encrypted messaging tool Mask Network acquires Mastodon server Pawoo.net
Mask Network, a privacy-based protocol that allows users to send encrypted messages and cryptocurrency across social media networks such as Facebook and Twitter, said today that it acquired Pawoo.net, a server on the decentralized social media platform Mastodon. As a social media network, Mastodon acts as a decentralized platform where servers provide access to its ...
Bitcoin miner Core Scientific files for bankruptcy
Core Scientific Inc., one of the major bitcoin mining companies by mining power, today filed for Chapter 11 bankruptcy protection in Texas amid falling cryptocurrency markets and rising energy prices. Core Scientific is a cryptocurrency mining company that does “proof-of-work” computation mining for currencies such as bitcoin. The company runs banks of sophisticated computing equipment ...
Polygon co-founder Sandeep Nailwal launches Web3 accelerator Beacon
Sandeep Nailwal, the co-founder of Ethereum scaling solution Polygon, unveiled an accelerator called Beacon today built by a team of Web3 founders with the objective of bringing early-stage crypto projects online with mentoring and financing. The management team of Beacon includes Nailwal and a number of well-known names from the industry such as Uri Stav, ...
Bitcoin hardware wallet maker Foundation Devices raises $7M
Foundation Devices Inc., the maker of bitcoin-centric tools including hardware and software wallets, said Monday that it has closed a $7 million seed round led by Polychain Capital to expand its product development. The round was joined by new investors including Greenfield Capital and Lightning Ventures, and existing investors Third Prime, Warburg Serres, Unpopular Ventures and ...